PIF raises $3bn in SACE-backed financing to expand Italian business ties
- The financing includes a $1.78 billion tranche and a €1.035 billion green tranche, supported by 25 international banks.
- The partnership aims to strengthen economic ties across various sectors, including construction, manufacturing, and technology, with ongoing projects like the Pirelli tire factory.
- Proceeds from the green tranche will fund eligible projects under PIF's Green Finance Framework, reflecting its commitment to sustainability.
